The first place to get student loans is the federal government. The financial aid award letter you receive from a college after you complete the FAFSA will tell you how much in loans you can get from the federal government.
If you still need money to fill the gaps, consider private student loans. In North Dakota, Bank of North Dakota provides state-sponsored student loans at favorable rates to North Dakota residents, whether attending college in or out of state, and to out-of-state residents attending college in North Dakota. Residents of Minnesota, South Dakota, Wyoming, Wisconsin and Montana may also access Bank of North Dakota student loans regardless of where they attend college, but the interest rate and fees are different. This also applies to students attending schools in any of these states. You are strongly encouraged to maintain all your checking and savings accounts with your local bank or credit union when taking out a student loan at Bank of North Dakota (BND). Also, since you cannot take out loans for cars and other personal items at BND, you never need to worry about us asking for you to transfer that business.
Several local financial institutions may also offer private student loans. Before deciding which private student loan, you want, make sure to compare interest rates and repayment options. Because BND is a state agency, the rates are typically better.
